How to overcome these challenges?

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The main goal must be to export electronic hardware and related services while maintaining a positive net foreign exchange (NFE).
All imported machinery and materials must be used for making export products only.
If selling products within India, gain prior approval and pay applicable duties.
EHTP units are treated as bonded warehouses and must comply with customs regulations for imported and exported goods.
Proper records of imports, exports, and production must be maintained for audits.
Units are required to submit regular performance reports to the STPI.
It is important to comply with environmental, labour, and safety laws for all EHTP units.
Note: Non-compliance with the obligations can result in loss of benefits, penalties, or removal from the scheme.

Challenges Faced by EHTP Units and How to Overcome Them
Here is a list of challenges faced by EHTP units and how to overcome them:

Challenges:
EHTP units must navigate through regulations concerning imports, exports, and compliance with government policies, which can be complex.
Setting up an EHTP generally requires major capital for infrastructure, skilled labour, and machinery, which can be a barrier for small and new businesses.
EHTP units can face disruption in the supply of raw materials and components brazil phone number list because of global market conditions.
Electronic hardware manufacturing involves handling potential hazardous materials, which must meet strict environmental standards and sustainability goals.

Be aware of the rules and regulations and seek legal advice actively.
Use software tools to track compliance to streamline the process.
Look for EHTP unit funding options like loans, government grants, or private investors to address the high capital requirements.
Collaborate with educational institutions and offer in-house training programs, which can help create skilled workers.
Invest in R&D and keep an eye on emerging technologies.
To increase global market access, EHTP units can explore international trade fairs, collaborate with global distributors, and join export promotion bodies.
Implement eco-friendly manufacturing processes and waste management strategies to meet environmental standards.